TOKYO, Jun 05 (Pulse News Wire) – Kanamoto CO.,LTD. (9678.T) announced today that its board of directors approved the distribution of restricted shares to its employee shareholding association, KANAMOTO Employees' Holding Association, as part of its incentive program based on the Employee Share Ownership Plan.
The distribution will take place on October 21, 2026, involving up to 170,000 ordinary shares at a price of ¥5,080 per share, totaling ¥863.6 million. This initiative aims to enhance employee welfare and encourage long-term value creation through stock incentives. Under the plan, eligible employees will receive 40 restricted shares each, contingent upon their agreement to join the shareholding association. The total number of shares distributed will depend on the final count of participating employees, which could reach up to 4,250 individuals.
Assuming full participation, the dilution impact would amount to 0.44% of the outstanding shares as of April 30, 2026, and 0.50% of the total voting rights. The restricted shares will carry limitations on transferability until October 31, 2029, subject to conditions such as continued membership in the shareholding association and adherence to certain behavioral standards. In cases of resignation or non-compliance, the company reserves the right to reclaim the shares without compensation. The distribution price was determined based on the closing price of Kanamoto's ordinary shares on the Tokyo Stock Exchange on June 4, 2026, ensuring fairness and alignment with market valuations.
Independent director approval confirms the appropriateness of the pricing mechanism, avoiding undue advantage to either party involved.
🟡 Confidence: Standard AI-translated content.